News release

Construction Financing and JV equity secured on behalf of Newland Capital Group for Mount Pocono Commerce Center

JLL Capital Markets arranged senior and mezzanine construction financing and joint venture equity for the development of Mount Pocono Commerce Center.

August 15, 2023

Alli Semans

Hotels & Hospitality and Capital Markets PR
+1 330 329 6750

LOS ANGELES, August 15, 2023 –  JLL Capital Markets announced today that it arranged senior and mezzanine construction financing and joint venture equity for the development of Mount Pocono Commerce Center, a to-be-built, Class-A distribution center, totaling 1,204,494 square feet in Mt. Pocono, PA.

JLL worked on behalf of the sponsor, Newland Capital Group, to secure the senior construction loan with Axos Bank and mezzanine loan with Fidelity Investments. A multi-billion-dollar asset manager provided joint venture equity for the project.

Located at 3379 Pocono Summit Rd., the project will be a build-to-suit for an international 3PL who is relocating from a nearby location given the project’s direct access to the Port of Newark and rest of the Northeast. The development will feature 40-foot clear heights, 196 loading docks, 4 drive-in docks, 384 trailer stalls and a 200-foot truck court depth.

Mount Pocono Commerce Center is located within the Northeast Pennsylvania industrial market which measures nearly 129 million square feet of industrial real estate. Mt. Pocono is strategically located with immediate access to the I-380 to the west and I-80 to the south which are primary south/west interstates that provide direct accessibility to New York City and Philadelphia in under 2 hours.

The JLL Capital Markets team was led by Senior Director David Pelaia and Director Chad Morgan.

“In a highly selective and tough capital markets environment, we were pleased to bring together a full capital stack solution for Newland Capital Group. Axos Bank and Fidelity Investments recognized the exceptional quality of the project, its sponsorship and growth opportunity in the Northeast Pennsylvania industrial market,” said Pelaia.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Newland Capital Group

Newland Capital Group is an investor, developer, and asset manager of properties designed to service the next generation of e-commerce, omnichannel and distribution companies across the United States. Newland Capital Group prides themselves on integrating advanced technology and sustainability while providing Class-A industrial properties that support the future of distribution. Their properties are strategically located within the major U.S. port markets and with state-of-the-art building specs for occupiers focused on expanding their e-commerce and omnichannel experience for their customers.